Herbalife (NYSE:HLF) Cut to Hold at StockNews.com

StockNews.com lowered shares of Herbalife (NYSE:HLF) from a buy rating to a hold rating in a report issued on Friday morning.

HLF has been the topic of a number of other reports. DA Davidson boosted their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Mizuho boosted their target price on Herbalife from $10.00 to $11.00 and gave the company a neutral rating in a research report on Friday, June 7th. Finally, B. Riley raised their price target on Herbalife from $16.00 to $17.00 and gave the stock a buy rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Herbalife presently has an average rating of Hold and an average price target of $12.33.

Herbalife Stock Up 3.3 %

HLF stock opened at $8.65 on Friday. Herbalife has a 52-week low of $6.68 and a 52-week high of $15.89. The stock has a market cap of $864.72 million, a price-to-earnings ratio of 6.31 and a beta of 1.25. The business has a fifty day moving average of $10.43 and a two-hundred day moving average of $9.91.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. As a group, sell-side analysts anticipate that Herbalife will post 1.48 EPS for the current year.

Institutional Investors Weigh In On Herbalife

A number of hedge funds have recently bought and sold shares of the stock. Windacre Partnership LLC raised its holdings in shares of Herbalife by 3.4% in the 1st quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock valued at $92,495,000 after purchasing an additional 300,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Herbalife by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after acquiring an additional 692,800 shares in the last quarter. Baupost Group LLC MA lifted its stake in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares during the last quarter. Bank of Montreal Can raised its holdings in Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after purchasing an additional 500,876 shares in the last quarter. Finally, Long Focus Capital Management LLC lifted its position in shares of Herbalife by 11.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock worth $33,279,000 after buying an additional 323,969 shares during the last quarter.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.